Crypto_Burger

Altcoins - Trend Line or Fib Circle - something's gotta give!

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
Here is a long term analysis of the altcoins market cap. We are sitting on a pretty strong horizontal resistance, but we are being pushed by this fib circle which was never broken before.

As its a 3D chart this will be resolved rather quickly, but as you see many fakeouts in history where we break a line, just to have a massive move on the opposite side in the next candle.

If we do break the fib line and confirm it as support it could be the beginning of a nice mini bull run for alts!

Comments

Man you called the breakout and top so well. Good job !
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@Anoinvest, Thanks bro! I do expect this to be a short term top... few weeks before we break it and keep on going higher ...
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May the alt-season begin guys! Looking very bullish!!! Look at the green dot at the bottom of the oscillator this is very bullish too!
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Did we just break out of the fib circle, then confirmed support at the horizontal line and now maybe we are heading north?

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Getting real tight!
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Crypto would use a leg up to 400B again.
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Yeah ok
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So we're breaking on the upside on christmas eve, that would be great!
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@tomdelic, maybe, lets see...
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Lol fib circles
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